Campbell's (NASDAQ:CPB) Price Target Cut to $35.00 by Analysts at Barclays

Campbell's (NASDAQ:CPB - Free Report) had its price target reduced by Barclays from $40.00 to $35.00 in a research report released on Tuesday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities analysts have also weighed in on the stock. Jefferies Financial Group lowered their price target on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Evercore ISI lowered their target price on Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a report on Thursday, May 29th. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. Morgan Stanley started coverage on Campbell's in a research note on Monday, March 24th. They issued an "equal weight" rating and a $40.00 target price for the company. Finally, Citigroup dropped their price objective on shares of Campbell's from $37.00 to $33.00 and set a "sell" rating for the company in a report on Monday, May 19th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Campbell's currently has a consensus rating of "Hold" and an average target price of $40.39.

Campbell's Price Performance

Shares of NASDAQ CPB traded up $0.02 during midday trading on Tuesday, hitting $34.28. The stock had a trading volume of 4,324,900 shares, compared to its average volume of 2,912,637. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The stock has a 50 day simple moving average of $36.31 and a 200-day simple moving average of $39.14. The company has a market capitalization of $10.22 billion, a PE ratio of 18.73, a P/E/G ratio of 2.71 and a beta of 0.14. Campbell's has a 1 year low of $32.95 and a 1 year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the company earned $0.75 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts expect that Campbell's will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio is currently 90.17%.

Insider Transactions at Campbell's

In related news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.19% of the company's stock.

Institutional Investors Weigh In On Campbell's

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Manchester Capital Management LLC increased its position in Campbell's by 923.2% during the first quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after buying an additional 637 shares during the period. NBC Securities Inc. acquired a new position in shares of Campbell's in the 1st quarter valued at $31,000. Sherman Asset Management Inc. purchased a new stake in Campbell's in the 4th quarter valued at $36,000. Principal Securities Inc. boosted its stake in Campbell's by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after purchasing an additional 290 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Campbell's by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after purchasing an additional 750 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell's Company Profile

The Campbell's Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.